Telegram has been no stranger to controversy, from the arrest of its CEO, Pavel Durov, in August, to recent policy changes affecting global users. Now, the messaging platform is making headlines again by hinting at an upcoming NFT-focused feature, despite 96 percent of existing NFTs being considered inactive. While the…
Japanese tech giant Sony is gearing up to run a crypto exchange business through WhaleFin, which it acquired in 2023. With this, Sony will have found itself testing rougher waters in the Web3 domain, that is not only laden with financial risks but also with regulatory scrutiny around the world….
eBay, the US-based ecommerce giant, is reportedly planning to bow out of the NFT space. As per reports, the platform has trimmed its Web3 team by 30 percent this week. While not a lot is known about eBay’s reported decision, some drama seems to have unfolded between eBay and the…
Two NFT artists, Ryder Ripps and Jeremy Cahen, have been ordered by a US court to shell out $9 million (roughly Rs. 74 crore) from their pockets and pay the sum to Yuga Labs, the creator of Bored Apes Yacht Club (BAYC) NFTs. The two parties have been embroiled in…
The Web3 industry seems to be on an ever-evolving movement where blockchain-based concepts arrive and die on an everyday basis. Last year, for instance, the sector of non-fungible tokens (NFTs) dropped to its record low in-terms of sales – but then the Ordinals category of these digital collectibles managed to…
Mercedes, the German luxury carmaker has decided to express its stance on the controversial Web3 sector, in a rather bold and artistic way. In a revamp to its operating system, Mercedes-Benz has decided to include a digital gallery, showing off non-fungible tokens (NFTs). Built on blockchains, NFTs are digital collectibles…
The charm of OG cartoon characters seem to be making a comeback on to the newer generations with a fresh flavour of Web3. At a time when the overall NFT market is experiencing upheaval, NFTs inspired by one particular cartoon character outshone all others on the world’s largest NFT platform,…
The NFT-backed Web3 gaming ecosystem is showing big promise in the next few years. A recent report by Fortune Business Insights has forecasted that the blockchain gaming market would be churning up to $614 billion (roughly Rs. 51,07,086 crore) in the next seven years leading to 2030. The category of…
The market valuation of the crypto sector has risen significantly by 110 percent year-to-date, a report compiled by Binance said over the weekend. In the fourth quarter of 2023, the crypto market rose in value by $870 billion, which marks a 55 percent boom from this year’s third quarter that…
The market for non-fungible tokens (NFTs) seems to be on a revival sprint now that the crypto market is on a bull run. With cryptocurrencies like Bitcoin, Ether, Solana, and Polygon pumping in value, a bunch of NFT series associated with these altcoins have started to be climb up the…
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